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Nestle takes over Delta ice cream producer
The Swiss company Nestle has bought the Greek ice cream producer Delta Ice Cream, which owns a plant in Romania, located in Bucharest. The deal, worth 240m euros (287 million dollars) direct...
Tehnofrig challenges Copos over Hilton Hotel
Tehnofrig SA Cluj wants half of the stake held by vice-premier and businessman George Copos in the Hilton Hotel. One of the most interesting deals of this year, the takeover of the Hilton Ho...
Orco in talks over hotel acquisition
Czech real estate developer Orco Property Group has announced it will enter the Romanian market in 2006. Orco is now in talks over the acquisition of an extended-stay hotel in Bucharest for...
Flamingo in talks over alliance with Flanco
Flamingo, a company specialising in IT&C commerce may announce an alliance with home appliance chain Flanco in a matter of days. The purpose of this alliance is a merger, which would create...
Battle over the first mall in Cluj-Napoca
The battle for the construction of the first mall in the city of Cluj-Napoca is almost at its end, with the winner to be announced at the end of this week. Iulius Group and South East Eurome...
MOL: battle for Romanian market not over
Jean Valvis: the Carpathians are for milk what Scotland is for whisky Hungarian oil group MOL has not given up on the Romanian market, after failing to take over Petrom, and will pursue any...
Argus will halt investments over the coming period
Vegetal oil producer Argus Constanta, one of the top five players on this market, announced it is to slow down its pace of investments over the next two years, after having invested more tha...
Renault wants to take over Daewoo Craiova for Nissan
Carmakers Renault and Nissan signed a letter of intent with the Office for State Interests and Industrial Privatisation (OPSPI) in order to acquire the Daewoo Craiova plant. The purpose of t...
Grivita sells land worth over 8.2m euros
Primary and semifinished ferrous metal producer Grivita Bucharest will sell approximately 27,500 square metres of land together with the associated buildings, in sector 1 of the capital city...